Torex Gold Resources Inc. (OTCMKTS:TORXF) Given Consensus Rating of “Buy” by Analysts

Shares of Torex Gold Resources Inc. (OTCMKTS:TORXF) have received an average rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating.

Several research firms have commented on TORXF. Scotiabank restated an “outperform” rating on shares of Torex Gold Resources in a report on Monday. Raymond James Financial reissued an “outperform” rating on shares of Torex Gold Resources in a research report on Friday, October 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Torex Gold Resources in a report on Wednesday, October 8th.

Torex Gold Resources Stock Performance

TORXF stock opened at $58.49 on Tuesday. Torex Gold Resources has a 52-week low of $19.40 and a 52-week high of $61.45. The stock’s fifty day simple moving average is $48.48 and its 200-day simple moving average is $41.27.

About Torex Gold Resources

Torex Gold Resources Inc is a Canada-based intermediate gold producer, developer and explorer that trades on the OTC Markets under the symbol TORXF. The company’s core business centers on the exploration, development and mining of gold deposits, with a focus on delivering sustainable production and growth through its flagship assets in Mexico.

The company’s principal operation is the Morelos Gold Project, located in the Guerrero Gold Belt of central Mexico. This integrated mining, processing and ancillary infrastructure complex includes the El Limón Guajes open pit mining area and supporting underground development.